The SOL Stock Index
(February 18, 1997)

Okay. It's been a while since we've put this up, so here's the deal: we're trying to track Wall Street's impression of the snowboard market so we purchased 100 shares of all the publicly traded snowboard industry companies on June 18, 1996.

We purchased Anthony Industries (K2), California Pro (Kemper), Marker (Sims/Santa Cruz), Morrow, Oakley, Quiksilver, Ride, Vans, and Variflex (Static) at a total cost of $16,296.00.

Letting the stocks ride on the open market for the last seven months has not been pretty. Without going into the details or the whys and hows, here is the damage:

Value 9553.00 
Down -6299.90

Symbol  Shares  Last/NAV   Change   Pur.Price   Gain/Loss      Value
CALP    100.00     15/16    -3/32     3 13/32     -246.80      93.70
KTO     100.00    27 5/8     -1/8      25 3/8     +225.00   2,762.50
MRKR    100.00     4 7/8        0       7 3/4     -287.50     487.50
MRRW    100.00     6 3/4        0      11 1/2     -475.00     675.00
OO      100.00         9        0      42 3/8   -3,337.50     900.00
QUIK    100.00    23 1/2   -1 5/8      34 1/8   -1,062.50   2,350.00
RIDE    100.00   4 27/32    -1/32      11 7/8     -703.10     484.30
VANS    100.00    12 7/8     +1/4      14 7/8     -200.00   1,287.50
VFLX    100.00     5 1/8     -1/8       7 1/4     -212.50     512.50